To: timers who wrote (30240 ) 4/14/1999 9:19:00 PM From: If only I'd held Respond to of 122087
Here is where I screwed up. When I noticed that Anthony suggested LWIN, I almost immediately jumped back at my trading screen and bought 1,000 shares at 17. This morning, I had 2 meetings that consumed most of the morning. When I got back, I had noticed that they were up bigtime, but had backed off from their highs. So I immediately looked at my equity and margin capabilities and decided to load up another 3,000 shares at around 23. That was just about when I noticed NITE kept walking down the ask. Right at the end of the day, after watching NITE push the stock back down all afternoon and the rest of the traders back away from him, and seeing the DOW go from being up well over 100 points and then slipping into negative territory in about 1/2 an hour, I decided to unload half my position (2,000)out of fear of being on margin during a hard pullback. It is intersting to note that I absolutely knew nothing about the company until this evening. Anyway, from now on, when Anthony says buy it, I will be be loading 100% on his call, rather than second guessing. I would be up about $16,000 on LWIN right now, and would feel very comfortable owning it at 17 and letting it swing around a little rather than owning 1/2 of what I really want to own at an average price of 20 with a days loss of $4,000. Lesson learned. I will never doubt Anthony again. Not that I was worried, but I am kind of funny about buying things I know nothing about. I guess I keep forgetting that Anthony is not the usual front loading scalper that we see all over the net dumping on us as we buy. I've seen way too many calls slip thru my fingertips, and just sat back in awe. Looking at LWIN reminds me of RCNC 2 years ago. He is right. It is going much higher and he has told it like it is since the beginning. Anthony, If you are reading this, thanks again for the heads up, and I am preserving some capital for your next call. I will do it right from now on.